Which of the Following Statements About Section 1250 Recapture Rule

Multiple Choice

Which of the following statements about Section 1250 recapture rule is false?

A) The rule applies to sales of depreciable realty by noncorporate taxpayers but not to sales by corporate taxpayers.
B) The rule applies only to sales of depreciable realty placed in service before 1987.
C) The rule applies only to sales of depreciable realty for which an accelerated tax depreciation method was used.
D) The rule has no effect on the characterization of gain recognized on sale of any realty with a zero tax basis.